Challenging operating conditions have resulted in a drop in optimism among UK manufacturers for the first time in 14 months, according to a report released today by accountants and business advisers BDO LLP.
The BDO Optimism Sub-index for the manufacturing sector, which outlines growth expectations in six months’ time, decreased from 121.0 in May to 119.5 in June. Despite maintaining a figure above the 100 mark, which signifies a long-term growth trend, the fall reveals manufacturers are taking a more cautious position on challenges like rising operating costs.…
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